Question:

Who owns the New York Yankees?

by Amar'e  |  10 years, 10 month(s) ago

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A group of investors, led by Cleveland-based shipbuilder George Steinbrenner, purchased the club from CBS on January 3, 1973 for $8.7 million. Mike Burke stayed on as president until he quit in April. Within a year, Steinbrenner bought out most of his other partners and became the team's principal owner, although Burke continued to hold a minority share into the 1980s.

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